Cresset Asset Management LLC Sells 9,811 Shares of iShares MBS ETF (NASDAQ:MBB)

Cresset Asset Management LLC decreased its stake in iShares MBS ETF (NASDAQ:MBB) by 27.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,605 shares of the company’s stock after selling 9,811 shares during the period. Cresset Asset Management LLC’s holdings in iShares MBS ETF were worth $2,347,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers boosted its holdings in shares of iShares MBS ETF by 4.8% in the 4th quarter. Cetera Investment Advisers now owns 1,585,607 shares of the company’s stock worth $145,368,000 after purchasing an additional 73,240 shares in the last quarter. Captrust Financial Advisors grew its position in iShares MBS ETF by 16.1% during the fourth quarter. Captrust Financial Advisors now owns 57,864 shares of the company’s stock valued at $5,305,000 after acquiring an additional 8,035 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of iShares MBS ETF in the 4th quarter valued at $7,990,000. Chapman Financial Group LLC purchased a new position in iShares MBS ETF in the 4th quarter worth $718,000. Finally, Baird Financial Group Inc. lifted its stake in iShares MBS ETF by 162.1% in the fourth quarter. Baird Financial Group Inc. now owns 253,102 shares of the company’s stock worth $23,204,000 after purchasing an additional 156,546 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Performance

NASDAQ MBB opened at $92.68 on Friday. iShares MBS ETF has a 12-month low of $90.03 and a 12-month high of $96.76. The company has a 50-day simple moving average of $93.03 and a two-hundred day simple moving average of $92.61.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were issued a $0.3255 dividend. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $3.91 annualized dividend and a dividend yield of 4.21%.

iShares MBS ETF Company Profile

iShares MBS ETF (the Fund), formerly iShares Barclays MBS Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results, which correspond to the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage (GNMA).